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When good engines go bad

Dear Terry,
I own a 2001 Ford Explorer Sport. I was recently told that the engine has died and I will need to purchase a new one. The problem is that I only have 42,000 miles on my truck. I have kept up with the maintenance and have faxed this proof to Ford. They admit my care and the condition of the truck are exceptional but will only give me $1,500 toward the $5,000 new engine.

I purchased the car used and have added only 17,000 miles in almost four years. Do you have any advice on what I should do? I don't think it's worth the money for a new engine and it's frustrating knowing that Ford won't honor their product (a defective engine).
-- Ryan

Dear Ryan,
While I agree that no engine should fail after just 42,000 miles, your best recourse may be to take the $1,500 Ford is offering, since the vehicle is out of warranty. The other action you could take is to check into lemon laws in your state and whether there is an arbitration process that could get the offer of settlement raised. Good luck.

This week
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